SOLVED

6. Most firms initially work with a(n) ________ and enter a nearby or similar country. a. independent agent b. contractual export department c. import/export department d. franchisee e. management contract 7. In a waterfall approach to international expansion, ________. a. countries are gradually entered sequentially b. countries in which the demand for the product is greatest are entered first c. countries in which the demand for the product is greatest are entered last d. countries in which the supply of raw material is greatest are entered first e. countries are entered based upon ease of entry 8. In a sprinkler approach to international expansion, ________. a. countries are entered when timing is right b. countries are gradually entered sequentially c. countries in which the supply of raw material is greatest are entered first d. countries in which the demand for the product is greatest are entered first e. many countries are entered simultaneously 9. Marketers must change their conventional marketing practices to sell their products to developing countries. One of the changes that marketers can make is to ________. a. reduce the price of the product but increase the packaging size b. reduce the size but keep the pricing the same c. reduce the price of the product but keep packaging size the same d. reduce the size and price of the packaging e. increase the price and the packaging size because these countries have never seen the product before 10. Regional economic integration is defined as the creation of ________. a. agreements between individual firms for the sake of commerce b. trading agreements between individual countries c. trading agreements between individual firms d. trading agreements between countries and firms e. trading agreements between blocs of countries  Â